EU Bans on Sudanese Gold Trade Amid Global Trafficking Routes
- Reports
- 7
- Developments
- 4
- Repetition
- 86%
New informationRepeats or wire copies
What happened
The European Union banned the purchase, import, and transfer of gold originating in Sudan. This measure was taken because the gold trade is considered a key source of revenue sustaining the civil war between the regular army and the paramilitary Rapid Support Forces (RSF) in Sudan. Analysts note that between one-fifth and one-third of Sudan's gold is smuggled annually. The gold is often trafficked through neighboring countries, including Egypt, Chad, and Libya, before reaching the United Arab Emirates (UAE), a major global hub for gold refining and trade.
From radiotamazuj.org, yahoo.com
Why it matters
The EU ban directly impacts the gold production and revenue streams of Sudan. The established routes involve multiple sovereign states, including Egypt, Chad, and Libya, which are crucial transit points for the smuggled material. The UAE's role as a major global refining hub means the international gold trade is already underway despite the restrictions.
From yahoo.com
Who's involved
- SudanGeopolitical state whose gold is subject to EU purchase and import bans.
- ChadSovereign state through which gold is reportedly trafficked.
- EgyptGeopolitical state through which gold is reportedly trafficked.
- LibyaSovereign state through which gold is reportedly trafficked.
- United Arab EmiratesMajor global hub for gold refining and trade.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- SudanSpeculative
The EU ban on gold imports could reduce the volume of material passing through Egypt as a transit hub.
- EgyptSpeculative
The EU ban on gold imports could reduce the volume of material passing through Egypt as a transit hub.
- ChadSpeculative
The EU ban on gold imports could reduce the volume of material passing through Chad as a transit hub.
How it developed
Newest first. Tap a step to see who reported it.- Gold is being smuggled from Sudan into Egyptian circuits.Sub-event
- Switzerland has banned gold trade from Sudan, aligning its measures with recent EU sanctions.Sub-event
- Libya, Egypt, Sudan, and Chad are involved in discussions regarding cooperation projects and political settlements for their respective issues.Sub-event
Gold trafficking routes established through North African countries to the UAE hub.1 source
Keep exploring
The entities involved
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Sudan
country in Northeast Africa
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Chad
sovereign state in central Africa
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Egypt
country in Northeast Africa and Southwest Asia
- Leaders from Greece, Egypt, and Cyprus are meeting to advance cooperation on natural gas and energy matters through a Trilateral cooperation mechanism.
- The new event details established facts regarding Egypt, including the Camp David Accords, the function of the Suez Canal connecting to the Red Sea, the reliance of the population on the Nile, and Sisi's tenure.
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Libya
sovereign state in North Africa
Related events
- UAE expands military and economic footprint in Africa, facilitating gold and arms transit through Chad and Libya to support Sudan's RSF.
- UAE territory was exploited for illicit military deals benefiting Sudan.
- Eastern Libya, Chad, and Sudan are identified as key logistical hubs for war economy movement and RSF supply chains.
- A gold mine collapse occurred in Wadi Halfa, Sudan, which is one of Africa's top gold producers, while the Finance Minister is in office.
- UAE funds, arms, and supports RSF in Sudan; EU negotiates trade with UAE; Parliament passes texts condemning conflict; UAE also trained mercenaries in Libya.